What They Say
The Elec, quoting Chinese sources, reports that Samsung’s potential sale of its LCD plant in Suzhou to TCL could be delayed because of the time taken by the South Korean government to approval the deal. TCL aimed to finish the contract by January 1 2021, according to Ijiwei, but this will likely now be delayed.
Currently, Samsung Display owns 60% of Samsung Suzhou LCD, with the Suzhou local government owning 30% and CSOT 10%. After the deal, CSOT will own 60%, the Suzhou government 30% and TCL 10%.
What We Think
I doubt that this news will change anything significant in this deal. The move away from LCD is unavoidable for Samsung. (BR)
